A consortium of U.S. retail associations and debit networks have accused Visa and Mastercard of using EMVCo standards as a vehicle for restricting competition and protecting revenue despite...
The Financial Conduct Authority has said payment service providers must act quickly to push merchants into compliance with EU rules on strong customer authentication (SCA) for online card payments.
The Financial Conduct Authority (FCA) has ordered e-money institution One Stop Money Manager Limited and payment institution Merchant Optimisation Services Limited to stop operating.
A senior official at Malaysia’s central bank believes e-wallet operators may be ready to give traditional institutions “a run for their money” and establish a foothold in the country’s bank...
The European Banking Authority (EBA) has responded to industry confusion about how strong authentication reforms apply to in-flight offline payments and consecutive low-value online transactions.
Senior figures at Visa remain positive the European Commission will avoid a drastic overhaul of its interchange fee regime, despite claims that rules put in place in 2015 have failed to boost...
European payments firms look set to spend much of next year’s strong authentication grace period devising ways of implementing one-time passwords via SMS, even as they acknowledge that such...
China is pushing ahead with efforts to popularise electronic means of payment, introducing more rigorous supervision, as well as looking to make the system more accessible for foreigners.
Australia’s central bank is considering a ban on buy now, pay later (BNPL) providers preventing retailers from surcharging customers, as it sketches the outline of a major review of the country’s...
The European Central Bank (ECB) has thrown its weight behind the creation of a new continent-wide payment system for both retail and e-commerce, warning that reliance on global financial giants...
The European Banking Authority (EBA) has revealed it would have set a stricter deadline for member states to enforce new payment security rules under the revised Payment Services Directive (PSD2),...
The UK’s ATM infrastructure operator has launched a blistering attack on the Payment Systems Regulator (PSR), questioning the need for the regulator to exist and calling for it to be dissolved into...
Visa and Mastercard are under investigation by federal U.S. antitrust regulators for potential violations of laws giving retailers choice over debit network routing.
U.S. officials have extradited a Russian national accused of selling stolen credit card data, with authorities alleging that he exploited virtual currencies and money transfer services to accept...
The European Banking Authority's (EBA) single rulebook Q&A contains information on various regulations and directives to ensure consistent and effective application of the new regulatory...
Digital payments providers, money service businesses and credit card companies in the UK all filed less suspicious activity reports last financial year, bucking an overall trend of higher reporting.

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